March 1896.] 



FOREIGN OFFICE REPORTS. 



459 



posed by others (i.e., foreign tenderers\ a previous section 

 (Article 6) having sanctioned an application of reduced railway 

 rates on trans]>orts to and from the factories. Further provision 

 is made for constructing railway lines, roads, and drains, and for 

 a 30 years' occupation by factories of vacant State sites, or 

 for the expropriation, if necessary, of commercial and private 

 lands. 



Concessionaires are bound to erect their factories and begin 

 Avork within two years from the date of their concession and to 

 slaughter from 10,000 to 20,000 head of swine per annum, 

 hesides finding security in Servian Guaranteed State Paper to 

 the amount of 5 per cent, of the value of their factories. A 

 rio'ht of State control is reserved and the establishments are 

 held subject to the usual sanitary laws and police regulations. 



The second law, " A law for o^rantino- State Aid to the Servian 

 Shareholders' Cattle Market Company," which accompanied the 

 foregoing in its passage through the Skupshtina, and was pub- 

 lished in the same number of tlie Orticial Gazette, embodies a 

 special concession, limited to 50 years' duration, in favour of 

 the Belgrade Company above mentioned. 



According to tlie provisions of this measure, the chief seat of 

 the company is Belgrade, and its capital is fixed at 1,250,000 

 dinars in silver in 50,000 shares of 25 silver dinars per share 

 ( the varying equivalent of these shares may be calculated at 

 between 38,793^. and 41,660^.). 



The usual exemptions are granted from import and export 

 duties as well as remission of all direct taxes, with free cutting 

 of building timber in the State forests and power to expropriate 

 land for its purposes. 



The Company is to erect at Belgrade cattle yards and sheds 

 sufficient for the accommodation of 10,000 head of swine and 

 for as many horned cattle as it may be found necessary to pro- 

 vide room, with special yards and sheds for the isolation of sick 

 or suspected stock, besides feeding yards, a mill, an inn, and soap 

 works. Amongst other obligations which rest with the Com- 

 pany is that of advancing money upon the security of live stock 

 left in its custody. From this live stock it is empowered to satisfy 

 all its just claims against clients without recourse to ordinary 

 legal procedure, The Court of the Cattle Exchange is invested 

 with competency in all cases of dispute arising between the 

 society and its clients, and from its decisions there is no appeal. 



Weekly markets are to be establisheil, and if it should be 

 found necessary to organise additional export centres in other 

 parts of Servia, the society must apply for a decree to that 

 effect from the Minister of Commerce and Agiiculture. The 

 State undertakes to connect the stock yards and market wdth 

 the existing railway system, and to establish postal, telegraphic, 

 and telephonic communication. It will also exercise full sani- 

 tary and police control over the management, as well as a 

 power of veto upon the resolutions oE the Company's board or 

 general meetings. 



